A genuinely SPA-licensed Brazilian sportsbook with a moderate Reclame Aqui complaint record
Visit King Panda →Pros
- Genuine definitive SPA/MF licence with confirmed CNPJ
- Broad sports coverage (25+ modalities) plus casino section
- Moderate, non-alarming Reclame Aqui complaint volume
Cons
- 78 registered Reclame Aqui complaints - room for improvement
- Specific withdrawal-complaint details not found in this search pass
- No welcome/deposit bonus - banned by law for licensed operators
Our verdict
King Panda holds a genuine definitive SPA licence with a confirmed CNPJ and offers broad sports and casino coverage, with a moderate Reclame Aqui rating that is neither alarming nor spotless. Given its genuine licensing and moderate complaint volume, we'd recommend King Panda with reasonable confidence for Brazilian players.
How we rated it
Sportsbook & casino (36%)6.5
Sports betting across more than 25 modalities (football and tennis emphasized) plus a casino section, with Pix payment support.
Trust & licensing (27%)6.5
Holds a genuine definitive SPA/MF licence (Portaria no. 2.097) with a confirmed CNPJ, verified on the official bet.br list - real, government-confirmed authorization.
Bonuses & value (18%)5
No welcome or deposit bonus - prohibited by Brazilian Law 14.790/2023 and SPA/MF rules for licensed operators (effective 1 Jan 2025).
Support & reliability (18%)5
Reclame Aqui rates it 7.2/10 with 78 registered complaints - a moderate volume, neither alarming nor spotless. Specific withdrawal-complaint details were not found in a second search pass.
Welcome bonus
Quick facts
| Owner/licence | Seguro Bet Ltda / King Panda Group Ltda (CNPJ 56.268.974/0001-05); Portaria SPA/MF no. 2.097 (30 Dec 2024) |
| Operating since | 2023 in Brazil; definitive licence 2025 |
| Reclame Aqui | 7.2/10 rating, 78 registered complaints |
| Brazil | No welcome/deposit bonus - prohibited by Law 14.790/2023 and SPA/MF rules for licensed operators (effective 1 Jan 2025) |
Where King Panda is licensed
King Panda appears on the official register in 1 country — 1 for sports betting and 1 for casino. We only feature it in markets where it holds a licence to accept you.
South America (1)
About King Panda
King Panda is operated by Seguro Bet Ltda and King Panda Group Ltda, holding a genuine definitive SPA/MF licence (Portaria no. 2.097) with a confirmed CNPJ. It began Brazilian operations in 2023, offering sports betting across 25+ modalities and a casino section with Pix payments. Reclame Aqui rates it 7.2/10 with 78 registered complaints - a moderate volume. We could not find specific withdrawal-complaint details in a second search pass.
